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Topic Review (Newest First)

12-21-2012 06:11 PM

funding-the-fun

Re: A penny for your thoughts

Absolutely geehaw. My partner and I looked at a 57 ft steel cutter that was outfitted for charter. 3 cabins, 3 heads. Cabins went for anywhere from $5000 to $10000 per wk, cruising the Inside Passage. Boat and business was $495,000 down from $700k. Almost took the dive, but we got cold feet about the huge investment. I think that trying to get my foot in the door of the charter business and learning more about it will fix those doubts but it's going to take time. Thanks for the words of encouragement, I'm not going to give up, but rather keep on thinking of different was to go about funding the fun!

Merry Christmas all!

12-21-2012 07:35 AM

geehaw

Re: A penny for your thoughts

Well I think you need to not give up so easily. First off you are already live in one of the most ,interested in, cruising areas in the world. But you have to think maybe a bit bigger. I live in Alaska and know someone that does charters. Now he has a power boat not a sailboat. But it is a nice power boat.More like staying in a 4 star+ hotel complete with laundry. He charges more like $2500 per person. He already has lots of money and does it more for pleasure then profit. But I am sure it pays a lot of boat bills. He only does like 4 or 5 charters a year. There is also a an outfit here that does hunting in a luxury boat and charges closer to the $7000 per passenger rate. But it includes guided trophy hunts. I looked into this for my father-in-law quite a few years back but was even more then he wanted to pay. My wife says it was closer to $10,000. You have to appeal to the higher end people. But this also requires a higher end boat. And of course the captain's license, insurance and boat maintenance. But to say it can't be done is flat out wrong. You just have to find the right niche to make the money.

And here is also the lower end, champagne sunset sails, whale watching day trips and kick back fishing trips. There are boats ,and owners, that do this so it is not impossible. Look for charters do a couple maybe. See what ya get. Call some ask for advice, some might be willing to give you some. SN is a good site but geared more to the cruiser and pleasure sailor then the money maker. But any business requires more work then the average cruiser is going to want to do. That is why they are cruisers! Don't mean that in any bad way. I know some worked themselves half to death so they can do just that.

12-20-2012 07:11 PM

funding-the-fun

Re: A penny for your thoughts

Wow. Tough pills to swallow, but I appreciate your honest input.

I guess I'll have to think of another way to fund my adventures!

12-19-2012 09:41 PM

FSMike

Re: A penny for your thoughts

[QUOTE=---

FSMike: --- I think by making arrival and departure ports in major cities like Seattle, Vancouver, San Francisco, etc. the flight schedule problem would be mitigated.

---[/QUOTE]

The flight schedule isn't the problem, it's getting the weather gods to agree with it.

12-18-2012 08:01 PM

tdw

Re: A penny for your thoughts

ummm .... not wishing to be Mr Negative Misery Guts guts about this but don't you think that if it were feasible, on that budget, with one of those boats, even 26 weeks of the years then we'd all be doing it ?

12-18-2012 07:05 PM

Lake Superior Sailor

Re: A penny for your thoughts

Selling weeks during school on is so hard you wouldn't believe, you will find out all that sells at top dollar is vacations and summer, the rest is a uphill challenge! This makes no difference if your in Wisconsin or Florida............Dale

12-18-2012 06:42 PM

chucklesR

Re: A penny for your thoughts

Frankly - just to highlight one area - the insurance at 3.5k a year is waaaaayyyyy low.
For a business, with charter guest - on a circumnavigation - take it way up.
Considering you have to make schedules the fuel alone will eat that up.

The other area - you can not legally charter in the US unless you are licensed - and as a consumer of charter boats - no way I'm going blue water sailing with a skipper who is still in a learning phase.

12-18-2012 06:04 PM

funding-the-fun

Re: A penny for your thoughts

Thanks for the feedback guys. Follow up questions for ya...

Superior: Why only 12 charters per year? Is that what you experienced when trying to start a business?

FSMike: I agree that a single location would be easiest, but I envision a lot of my customers would be return customers and the varied locations might help facilitate that. I think by making arrival and departure ports in major cities like Seattle, Vancouver, San Francisco, etc. the flight schedule problem would be mitigated.

As for weather, I live on Vancouver Island and 6 months of rain and cold is not appealing to most folks. Hence the plan to migrate south for the winter.

Do you think these are adequate justifications? How would you do it?

12-16-2012 08:36 PM

FSMike

Re: A penny for your thoughts

To produce those kinds of numbers the weather gods and the airline schedules need to agree. The only way that's likely to happen is if you stay in the same area rather than travelling.

12-16-2012 06:57 PM

Lake Superior Sailor

Re: A penny for your thoughts

Wow, 35 weeks? maybe more like 12 weeks,and then you better be good at sales....Dale

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